Xcel Energy Announces Leadership Changes

Brett Carter named Chief Customer and Innovation Officer

Alice Jackson named President Xcel Energy – Colorado

MINNEAPOLIS–(BUSINESS WIRE)–#corporateresponsibility–Xcel Energy today named Brett Carter to the new role of Executive Vice
President – Chief Customer and Innovation Officer effective in May.
Carter will assume many of the responsibilities currently held by Marvin
McDaniel, who will retire from the company effective June 1.

“Brett brings a unique set of skills and experience to Xcel Energy that
will help us deliver an outstanding experience for our customers,” said
Ben Fowke, Chairman, President and CEO of Xcel Energy. “His
accomplishments in expanding use of new technologies and deploying
innovative ways of connecting with customers will be valuable as we meet
increasing customer expectations in a rapidly changing industry.”

Carter most recently held senior leadership roles with Bank of America
where he oversaw key business areas of operations, technology and shared
services. He previously held leadership roles in operations, marketing,
and technology at several major utilities, including Duke Energy,
UtiliCorp/Aquila, and Dominion.

“I am excited to join Xcel Energy, which is known for its progressive
approach and strong track record in providing clean and affordable
energy,” said Carter. “I look forward to building on that platform to
even higher levels of excellence.”

Carter will oversee the key areas of marketing, customer service,
information technology, and communications.

Xcel Energy also announced that Alice Jackson has been named president
of Xcel Energy – Colorado, effective May 7, 2018. Jackson brings a
wealth of experience in managing government and stakeholder relations,
as well as developing innovative products and services for customers.
She assumes the role previously held by David Eves, who was recently
promoted to lead the four Xcel Energy operating companies.

“Alice is a great leader and is outstanding at building relationships
with key stakeholders, which will serve her well in her new role,” said
Fowke. “I am confident that her skills and experience will ensure
continued success as we engage with stakeholders to transition to an
even cleaner energy future.”

About Xcel Energy
Xcel Energy (NASDAQ: XEL) provides the
energy that powers millions of homes and businesses across eight Western
and Midwestern states. Headquartered in Minneapolis, the company is an
industry leader in responsibly reducing carbon emissions and producing
and delivering clean energy solutions from a variety of renewable
sources at competitive prices. For more information, visit xcelenergy.com
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Contacts

Xcel Energy
Media Relations, 612-215-5300
www.xcelenergy.com